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Stock Market & Financial Investment News

News Breaks
February 12, 2014
07:36 EDTFSLFreescale 35M share Secondary priced at $18.50
The deal size was increased to 35M shares from 30M shares. Goldman, Citigroup, Credit Suisse, Deutsche Bank, Barclays, JPMorgan and Morgan Stanley acted as joint book running managers for the offering.
News For FSL From The Last 14 Days
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December 12, 2014
10:01 EDTFSLOn The Fly: Analyst Upgrade Summary
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07:17 EDTFSLSemiconductor indications have improved, says Bernstein
Bernstein believes that indicators for the semiconductor sector have improved since September, as expectations and valuations have dropped, while revision trends have been favorable,according to the firm. The firm thinks the outlook for the space is "reasonably positive." In conjunction with this note, Bernstein upgraded its rating on Freescale (FSL) to Outperform from Market Perform and hiked its target on the stock to $31 from $20. The firm increased its price target on Texas Instruments (TXN) to $63 from $54 and on Analog Devices to $55 from $50. It keeps an Outperform rating on Texas Instruments and a Market Perform rating on Analog Devices.
06:24 EDTFSLFreescale upgraded to Outperform from Market Perform at Bernstein
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